Urban Institute: Qualified Mortgage impact overblown

Urban Institute: Qualified Mortgage impact overblown

New rules have only slightly slowed mortgage lending

WATCH: Former Wells Fargo CEO calls BofA fine “extortion”

Kovacevich says fine is political and has “nothing to do with justice”

BofA reaches $16.65B settlement over "toxic waste" mortgages

Loans date back to Countrywide and Merrill Lynch
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Servicing / The Ticker

Homeowner advocates target Demarco in Obama's first 100 days

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For the last few years, Ed DeMarco, head of the FHFA, has obstinately and ideologically opposed principal reduction/correction — resetting mortgages to fair market value — even though it’s been documented by FHFA, Fannie and Freddie themselves that this would be a good policy for homeowners and taxpayers. Principal reduction is the bold and fair policy we need at Fannie, Freddie and through the banks to fix the housing crisis, rebuild our communities, create jobs, and reset the economy.
 



Source: The Hill
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